XE Market Analysis: Asia – Apr 30, 2021

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FX trade was relatively quiet in N.Y. on Friday, though the Dollar was firmer overall, with short covering in effect into the weekend, and following the two-month DXY low printed on Thursday. Strong U.S. data helped sentiment as well, as income, spending, Chicago PMI and U. Michigan sentiment figures all beat consensus forecasts. The Dollar index bounced from overnight lows of 90.59 to 91.04. Wall Street traded lower, despite the data, as mixed earnings kept equity bulls at bay. Yields were slightly elevated. Monday’s U.S.